<img src=”https://public.flourish.studio/visualisation/21410664/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were mixed, while U.S. Treasury yields rose and equity prices fell Friday after the White House announced tariffs against Mexico, Canada, and China will take effect Saturday. For the week, municipals “not only moved in sync (with Treasuries) they actually outperformed, especially in the belly of the curve,
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California Treasurer Fiona Ma announced that a conduit issuer she chairs has established a $2 million zero-interest loan program to aid health facilities affected by fires in three southern California counties.California treasurer’s office The California state treasurer has launched a loan fund to aid health facilities affected by the Los Angeles-area wildfires. The $2 million
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&amp;lt;img src=”https://public.flourish.studio/visualisation/21408585/thumbnail” width=”100%” alt=”chart visualization” /&amp;gt; Issuance rose in January on a year-over-year basis, as issuers came to market amid policy uncertainty and possible tax changes. January’s volume was at $35.243 billion in 486 issues, up 10.8% from $31.817 billion in 554 issues in 2024, according to LSEG data. January’s total also surpasses the 10-year
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An insurance company employee on Jan. 23 surveys a home destroyed by the Palisades Fire in Los Angeles.Bloomberg News This month’s devastating Los Angeles-area wildfires have created urgency around a bill that would allow the California Infrastructure and Economic Development Bank to issue bonds to support the state’s property insurer of last resort. California’s FAIR
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The University of Tennessee wants to be given the right to sell a wider variety of bond types. AdobeStock The University of Tennessee wants the Tennessee State School Bond Authority to grant it the right to offer bonds supported by its general operating budget rather than revenue streams. Residence halls and parking lots are the
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A restaurant damaged by Hurricane Milton in St. Pete Beach, Florida, in October.Bloomberg News The recovery of Florida, North Carolina, and Tennessee local governments and utilities from hurricanes Helene and Milton continues but the outlook for next season and beyond is troubling. Many localities and public utilities are emerging from the storms’ aftermaths financially hit
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&amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/21374434/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;gt; Municipals were steady to slightly weaker in spots, while U.S. Treasury yields rose a little and equities ended down after the Federal Open Market Committee, as expected, held rates steady. “Both the FOMC’s December Summary of Economic Projections and current rate futures suggest 50 basis points of additional cuts
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The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to run above the Fed’s 2% mandate. The move comes after the central bank cut its benchmark interest rate by a full percentage point last year and in the wake of President Donald Trump‘s comment during his first week back in office that he’ll
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Minnesota Gov. Tim Walz’s $887 million state bonding plan includes $10 million for removal of the Rapidan Dam after its partial failure in 2024.Office of Gov. Tim Walz Minnesota Gov. Tim Walz and North Dakota Gov. Kelly Armstrong have both proposed hundreds of millions in bonding as the Midwest’s governors begin rolling out state budget
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